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3081-3100 of 5997
cosco pierce 200ema & closed on e upward trendline drawn Mar09 & Mar11
this line must not break else 1.79...1.74
For those TA folks, I have uploaded the TA for CoscoCorp. This stock is like another falling knife. The classical support line is now at 1.81. Today, break the 1.93 - coupled with bad news. This stock will have a pullback once cross the 200D MA - if without those bad news.
read my blog - ckhpaul.blogspot.com
why not switch to stx osv? single digit PE and in a sector related to oil rig support......
then what price to buy ? and target price to sell ?
rotijai ( Date: 23-May-2011 17:34) Posted:
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The Board of Directors of COSCO Corporation (Singapore) Limited (the
“
“Audits find irregularities in financial statements of 17 Chinese SOEs” which
states that some irregularities and disciplinary violations were found in the
financial statements of certain Chinese state-owned enterprises (SOEs)
according to audit reports released by the National Audit Office (NAO).
The Board wishes to state that neither the Company nor any of its subsidiaries
has been cited as having committed any irregularities and disciplinary violations
in the NAO report.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
23 May 2011
i think tmr might be a good day for cosco :) Company”) refers to the article in Thomson Reuters on 20 May 2011 entitled |
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EC sifu, are u longing cosco again ?
let me know leh!
eastcivic ( Date: 23-May-2011 17:52) Posted:
ya i agree with sifu roti! 
rotijai ( Date: 23-May-2011 17:49) Posted:
to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either |
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6E90F1C664690D6648257899002F9C70/$file/Announcement_Clarification_of_Article_In_Thomson_Reuters.pdf?openelement
Cosco management clarified t
hat neither the company nor any of its subsidiaries has been cited as having committed any irregularities and disciplinary violations in the NAO report.
I remembered back in Jan, some reports mentioned abt transfer of asset from parent coy. The next day its share shot up by 10c, then the board clarified and the share went down 10c. Could this be the work of some houses?
No scared. Isolator says the issue will be clarified by the board tomollow and then you'll see a rebound like this
or
. Take your pick. Cheers!
hpong5 ( Date: 23-May-2011 18:38) Posted:
| Just feel that even with clarification from the board may not help much due to people have been selling down cosco since last week or earlier. These are very damaging for margin players and contra players and today's massive selldown caused even more damages to them. They may sell at any rebound unless the BBs are kind enough to help push up the price/gapped up tomorrow. |
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Just feel that even with clarification from the board may not help much due to people have been selling down cosco since last week or earlier. These are very damaging for margin players and contra players and today's massive selldown caused even more damages to them. They may sell at any rebound unless the BBs are kind enough to help push up the price/gapped up tomorrow.
Hopefully the rebound will kick-start the uptrend
Isolator ( Date: 23-May-2011 18:15) Posted:
Are you sure it is safe to short cosco?? Just because 200MA?? The long term uptrend has not been break yet... Tmr it will rebound especially some clarification by the board.... |
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haha.. i actually have the same hope like u.. but cosco has to drop to 1.6-1.7 in order to be like olam..
may be i am too greedy..
stocksburntme ( Date: 23-May-2011 18:24) Posted:
wonder if it will be like olam during last month. down alot due to stupid report. then go up after clarification
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wonder if it will be like olam during last month. down alot due to stupid report. then go up after clarification
Hopefully will see a rebound, but selling pressures may persist for margin calls and contra players who bought high last week.
Are you sure it is safe to short cosco?? Just because 200MA?? The long term uptrend has not been break yet... Tmr it will rebound especially some clarification by the board....
i am not only young to the market..
i am still a noob :)
yea i wish i can see it like u..
too bad i missed shorting it today :)
alexchia01 ( Date: 23-May-2011 18:00) Posted:
Can tell you are still young to the market.
Today already so clear and you still cannot see.
CoscoCorp is one of the safest stock to Short now because you are about to panic and sell to me, by end of this week.
rotijai ( Date: 23-May-2011 17:49) Posted:
to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either |
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Haha Alex that's a good one.
But then, if he sell to u, it also means u have already cover your shorts no?
alexchia01 ( Date: 23-May-2011 18:00) Posted:
Can tell you are still young to the market.
Today already so clear and you still cannot see.
CoscoCorp is one of the safest stock to Short now because you are about to panic and sell to me, by end of this week.
rotijai ( Date: 23-May-2011 17:49) Posted:
to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either |
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Can tell you are still young to the market.
Today already so clear and you still cannot see.
CoscoCorp is one of the safest stock to Short now because you are about to panic and sell to me, by end of this week.
rotijai ( Date: 23-May-2011 17:49) Posted:
to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either)
alexchia01 ( Date: 23-May-2011 17:42) Posted:
I don't know about you guys, but I short CoscoCorp today.
I shorted once already. This is my 2nd short on CoscoCorp.
STI just breaks into Downtrend Channel and Shipping is one of the biggest Hit industry today.
There is a high change of CoscoCorp and Yangzijiang moving lower because STI is just beginning to move down and as it slide further it, it could pull Shipping along as well.
My advice is to go Short now and not just Shipping, but other industries as well.
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ya i agree with sifu roti!
rotijai ( Date: 23-May-2011 17:49) Posted:
to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either)
alexchia01 ( Date: 23-May-2011 17:42) Posted:
I don't know about you guys, but I short CoscoCorp today.
I shorted once already. This is my 2nd short on CoscoCorp.
STI just breaks into Downtrend Channel and Shipping is one of the biggest Hit industry today.
There is a high change of CoscoCorp and Yangzijiang moving lower because STI is just beginning to move down and as it slide further it, it could pull Shipping along as well.
My advice is to go Short now and not just Shipping, but other industries as well.
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to me, there is no clear indication tat STI is going downtrend channel yet..
it is still sideway until STI drops and stays below 3100
of course i agree with u that shorting is a safer bet that longing.. but shorting selectively..
i dont think it's safe to short cosco now (not long either)
alexchia01 ( Date: 23-May-2011 17:42) Posted:
I don't know about you guys, but I short CoscoCorp today.
I shorted once already. This is my 2nd short on CoscoCorp.
STI just breaks into Downtrend Channel and Shipping is one of the biggest Hit industry today.
There is a high change of CoscoCorp and Yangzijiang moving lower because STI is just beginning to move down and as it slide further it, it could pull Shipping along as well.
My advice is to go Short now and not just Shipping, but other industries as well.
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I don't know about you guys, but I short CoscoCorp today.
I shorted once already. This is my 2nd short on CoscoCorp.
STI just breaks into Downtrend Channel and Shipping is one of the biggest Hit industry today.
There is a high change of CoscoCorp and Yangzijiang moving lower because STI is just beginning to move down and as it slide further it, it could pull Shipping along as well.
My advice is to go Short now and not just Shipping, but other industries as well.
